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CSPAN
Dec 10, 2012 1:00am EST
of compromise, if the so-called fiscal cliff talks do not come to a conclusion, it's implemented, have you looked at how you have to compromise the university of pennsylvania? how it would affect the university of pennsylvania? >> yeah. if we were to go over the miscall cliff, and more so if there isn't compromise that really establishes the american financial system on solid grounding, then there will be many ways in which we, as a university, and every university in the country will be compromised in the sense of compromising our quality. we will be -- we depend upon the funding of biomedical research to spur innovation in the country. that will dry up. we are committed to making penn affordable for the undergraduates which costs $181 million a year. that's twice the amount it costs us eight years august because we ramped up financial aid, and the more unemployment terrorist in the country, the more we spend on financial aid, and it would be a tragedy if the country moved in a direction to make education less affordable so, we, as a university, are very dependent and very concerned about
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